NanoXplore (TSE:GRA) Rating Lowered to “Market Perform” at Raymond James

NanoXplore (TSE:GRA) was downgraded by stock analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Thursday,BayStreet.CA reports. They currently have a C$3.00 target price on the stock, down from their previous target price of C$4.00. Raymond James’ price objective would indicate a potential upside of 27.66% from the stock’s previous close.

NanoXplore Price Performance

Shares of TSE GRA traded down C$0.03 during trading hours on Thursday, reaching C$2.35. 298,480 shares of the stock traded hands, compared to its average volume of 95,201. The company has a market capitalization of C$402.63 million, a P/E ratio of -36.19 and a beta of 1.26. The company’s 50-day simple moving average is C$2.40 and its two-hundred day simple moving average is C$2.37. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 21.81. NanoXplore has a 52-week low of C$1.95 and a 52-week high of C$2.96.

About NanoXplore

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.